STOCK MARKETS IN DEVELOPING NATIONS DECLINE IN 1990
WASHINGTON — Stock markets in developing countries experienced a general decline in 1990, according to data from the International Finance Corporation. Nevertheless, eight of the 10 best performing markets in the world, measured in US dollars, were in developing countries.
The most significant advance registered during 1990 was on the Caracas, Venezuela exchange, which posted a gain of some 556 percent by year end. The Caracas market benefited from rising optimism as new economic, trade and investment regimes were announced and implemented.